How to Withdraw Money In Retirement Using The Guyton Klinger Rule

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How to Withdraw Money In Retirement Using The Guyton Klinger Rule:
Do you know how much money you need in order to be able to retire? It’s a question that many people are asking themselves every day and if you’ve seen my video on the 4% rule you already know one of the most popular answers that will be given in response to that question. If you haven’t, then, in short, the 4% rule suggests that you need roughly 25x your annual expenses saved in order to have a reasonably good chance of not running out of money once you leave the workforce.

However, while I do believe that on the whole, the 4% rule is a good starting point and a solid rule of thumb to use as a guide, it isn’t by any means the only answer to the question. And depending on your situation and goals, it may or may not even be the best one.

Today we’re going to be asking whether or not it’s possible to withdraw more than 4% of your money every year in retirement when we look at another popular retirement withdrawal strategy known as the Guyton-Klinger Method.

We’re going to be talking about what the Guyton-Klinger Method is, how to use it, the rules associated with it, as well as the potential pros and cons associated with it in comparison to other retirement withdrawal strategies.

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